Bitcoin: All You Need To Know?

Estimated read time 3 min read

The world is slowly going digital with all the comfort. People can buy anything sitting anywhere in the world, and things deliver to your doorstep. The payments are also mostly done online by everything going digital, and people now do not prefer using cash. People now buy and sell everything with virtual currency, i.e., online currency, and Bitcoin is one such currency.

What is Bitcoin?

It is a form of currency that came into place in 2009. If we understand this simple, it is a type of cryptocurrency or a digital currency from which we can make payments, and it is virtual. Many countries don’t accept them for transactions, and it not taken in many parts of the world. We can use it to buy different products and services. Slowly and gradually, it will come into the limelight, and people will use it in the coming years.

Ways to earn Bitcoins? 

  • Through affiliate marketing: It is a very famous way to earn Bitcoinespecially for bloggers, social media influencers, and content creators. Many companies provide promo codes for marketing so that they could reach out to the audiences.
  • Buying and holding: If you are a beginner, this option is the most suitable because the process is straightforward. Firstly, one has to get a Bitcoin wallet, buy BTC, and then have to see if the price increases in the future. There is no specific time when the price will increase. It could take up months or weeks, or even a year, depending upon the situation.
  • Get Paid: Some people have started accepting Bitcoin as payment for their work. The chances of earning one are most likely for the people who arefreelancers or musicians or someone related to the creative department. It is effortless to use if one starts accepting it as a mode of payment.
  • They can get tips like Bitcoin: One more accessible way of earning to help people and tip you. The people who are into games and professional gamers can take tips in Bitcoin as their mode of payment.


Interesting facts:

  • The whole process of Bitcoin is costly, and a lot of money goes into the process, and the consumption of electricity is also massive.
  • There are only a few Bitcoins available globally, and out of 80 percent are already taken.
  • A day celebrated as Bitcoin pizza day because the first-ever Bitcoin used was to buy a pizza.
  • Nobody knows who invented this.

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